Harmonized Index of Consumer Prices: Operation of Personal Transport Equipment for Romania
CP0720ROM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.15
Year-over-Year Change
3.63%
Date Range
12/1/2000 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Operation of Personal Transport Equipment for Romania measures the changes in prices for goods and services related to operating private vehicles in Romania. This metric is a key indicator of consumer inflation and purchasing power.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The HICP: Operation of Personal Transport Equipment for Romania tracks the prices of items like fuel, maintenance, insurance, and other costs associated with operating private cars and motorcycles. This index is part of the broader HICP, which is used by the European Union to monitor price stability across member states.
Methodology
The data is collected through surveys of consumer prices by the Romanian National Institute of Statistics.
Historical Context
The HICP is closely watched by policymakers, including the European Central Bank, to assess inflationary pressures and make informed monetary policy decisions.
Key Facts
- Romania's HICP: Operation of Personal Transport Equipment has increased by 20% over the past 5 years.
- Fuel costs account for over 60% of the total index weight.
- The index is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP): Operation of Personal Transport Equipment for Romania measures the changes in prices for goods and services related to operating private vehicles in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer inflation and purchasing power, as transportation costs are a significant portion of household budgets. It is closely monitored by policymakers and economists to assess inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by the Romanian National Institute of Statistics.
Q: How is this trend used in economic policy?
A: The HICP is used by the European Central Bank and other policymakers to monitor price stability and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat with no significant update delays.
Related Trends
Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Romania
ROUFCLOFINPXDC
U.S. Exports of Goods by F.A.S. Basis to Romania
EXP4850
Harmonized Index of Consumer Prices: Non-Energy Industrial Goods, Non-Durables Only for Romania
IGDXENROM086NEST
Harmonized Index of Consumer Prices: Clothing and Footwear for Romania
CP0300ROM086NEST
Number of Identified Exporters to Romania from Wyoming
WYROUA475SCEN
Value of Exports to Romania from Mississippi
MSROUA052SCEN
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Operation of Personal Transport Equipment for Romania (CP0720ROM086NEST), retrieved from FRED.